Faced with stiff margins pressure in iron ore fines exports due to poor demand and higher transportation cost and taxes, most of the miners of the state are now planning to foray into pellet production to cater to the rising demand of the domestic steel industry for the commodity.

“Iron ore fines exports have come down to a level that is a fraction of what it used be a couple of years ago. Fines were being shipped out as the Indian steel industry did not have the technology to use it.